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Article: Rio sells out of China's Ningxia smelter.
- Article from:
- Australasian Business Intelligence
- Article date:
- January 27, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jo Clarke
Jan 27, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Rio Tinto has divested its stake in the Ningxia aluminium smelter in China. Its joint venture partner, Qingtongxia Aluminium, bought the 50 per cent stake for $US125 million ($A188 million). The price of aluminium has fallen significantly and oversupply is expected to depress the price for at least two ...
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... ... AsiaInfo Services 10-31-2007 Rio Tinto Marches into China BEIJING ... Australian iron ore giant Rio Tinto Ltd. finds a new way to step ... production line of Ningxia-based Qingtongxia Aluminium Group, which is the second largest ...
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